SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Information about Reportable Segment

The table below presents information about reportable segments for the three and nine months ended September 30, 2021 and 2020, respectively:

		Three Months Ended September 30,				Nine Months Ended September 30,
$ in thousands		2021		2020		2021		2020
Revenues:
	Cryptocurrency Mining and Power Generation	$	34,233	$	6,123	$	61,472	$	13,937
	Support Services		1,521		-		1,521		-
Total Revenues		$	35,754	$	6,123	$	62,993	$	13,937
Segment Adjusted EBITDA
	Cryptocurrency Mining and Power Generation	$	20,973	$	775	$	33,464	$	1,301
	Support Services		204		-		204		-
Total Segments Adjusted EBITDA		$	21,177	$	775	$	33,668	$	1,301

Schedule of Reconciliation of Total of Segments Adjusted EBITDA to Consolidated Loss Before Income Taxes

In addition, the table below provides a reconciliation of the total of the segments Adjusted EBITDA to the consolidated Loss before income taxes:

	Three Months Ended September 30,						Nine Months Ended September 30,
$ in thousands	2021			2020			2021			2020
Total Segments Adjusted EBITDA	$	21,177		$	775		$	33,668		$	1,301
Depreciation and amortization		(2,667	)		(1,064	)		(5,531	)		(3,227	)
Stock-based compensation		(411	)		-			(1,474	)		-
Merger and other costs		(29,847	)		-			(31,095	)		-
Expansion costs		(128	)		-			(128	)		-
Interest expense, net		(1,009	)		-			(1,399	)		(540	)
Consolidated loss before income taxes	$	(12,885	)	$	(289	)	$	(5,959	)	$	(2,466	)

Summary of Reconciliation to Consolidated Total Assets of Company

The table below provides segment assets, which exclude cash and cash equivalents and short term investments, and a reconciliation to the consolidated total assets of the Company:

$ in thousands		September 30, 2021
Cryptocurrency Mining and Power Generation			129,802
Support Services			76,864
	Total segment assets		206,666
Cash and cash equivalents			51,149
Short term investments			496
	Total assets	$	258,311